informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of …. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters …

redistribution policies. The interaction of the two effects has so far not been analyzed in isolation. We find that the direction of … and redistribution levels. …

In this paper we propose minority voting as a scheme that can partially protect individuals from the risk of repeated …-lasting impact. In the first period a simple open majority voting scheme takes place. Voting splits the committee into three groups …: voting winners, voting losers, and absentees. Under minority voting only voting losers keep the voting right in the second …

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue … that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on …

salient perturbations, we propose a strategic foundation of overconfidence. Since overconfident statements are used in …

productivity. Nevertheless, only a minority of sessions converge to this system, indicating a tendency for the voting process to …

of a public pension system: the contribution rate and its degree of redistribution. The pension regime affects … proportional taxation increases the cost of self-control, and that this adverse effect is more acute when public pensions become …